A year long programme to support social entepreneurs has begun at the Eastern Enterprise Hub in Ipswich.
The partnership between the school for social entrepreneurs and Lloyds Banking Group, will help 16 people who are setting up a business trading for a social purpose – among them is Justine Paul who runs the farmers market in Lavenham and who has set up Suffolk Market Events.
Each of the 16 will benefit from a start up grant and support from a mentor.
Steve Elsom, Area Director – Commercial for Lloyds Banking Group said, “The Lloyds Banking Group Social Entrepreneurs Programme is a key part of our commitment to invest in the long-term economic future of the UK and to further give back to our communities.
“We’re really looking forward to supporting social entrepreneurs across our region, whether at the start of their business journey or as they begin to scale up their business.
“These new enterprises have the ability to create jobs where they are needed the most; right at the heart of our communities.”
Andrea Davies, Chief Executive of the Eastern Enterprise Hub said: “This programme with Lloyds Banking Group is a very significant partnership for us and presents us with a very real opportunity to nurture some talented early stage social entrepreneurs.
“The support a new entrepreneur receives at the start of their journey is critical and this innovative support package of a start-up grant, business learning and personal development will make a real difference to the success of their businesses. “These new social enterprises will be businesses trading for social purpose so will have the dual effect of generating economic growth but also bringing real benefits to our local communities.”
The students have been recruited onto the programme after a selection process involving representatives from Lloyds TSB, School for Social Entrepreneurs and the Eastern Enterprise Hub.
The new businesses, which as social enterprises, all serve a social purpose include a UK wide information network for families of disabled and life-limited children, a forest school initiative and a canoe adventure business.